The New Zealand Superannuation Fund has filed legal proceedings against the Bank of Portugal challenging what it calls an "unprecedented" decision of removing a loan from the ‘good bank' born out of the intervention in Banco Espírito Santo (BES).
The New Zealand sovereign wealth fund for state pension payments invested US$150 million in notes issued by Oak Finance Luxembourg in July, a vehicle the fund says was developed by Goldman Sachs, which extended a $835 million loan to BES the same day.
- Central banks may be thinking wrongly about inflation – Borio
- European Commission announces supervisory agency reforms
- Bank of Russia will be able to handle fallout from failing banks, analysts say
- Riksbank outlines three visions of ‘e-krona’
- Uruguay’s digital currency pilot ‘close to launch’, says governor